PIFYF - Pine Cliff Energy GAAP EPS of $0.23 revenue of $54.41M

Pine Cliff Energy press release (OTCPK:PIFYF): Q4 GAAP EPS of $0.23. Revenue of $54.41M (+73.9% Y/Y). Generated $26.3 million of adjusted funds flow or $0.07 per fully diluted share for the three months ended December 31, 2021. Production averaged 19,056 Boe/d and 18,445 Boe/d during the three months and year ended December 31, 2021, compared to 19,130 Boe/d and 19,006 BOE/d for the comparable periods in 2020. The Company's 2022 capital budget of $25.5 million is expected to be fully funded from adjusted funds flow. Annual production volumes for 2022 are expected to range between 20,000 and 21,000 BOE per day, weighted 87% to natural gas.

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Pine Cliff Energy GAAP EPS of $0.23, revenue of $54.41M